Balanced News: : Gold futures end higher, reach a ‘golden cross’

Gold futures reached a so-called “golden cross” on Friday, with the most-active contract ending above $1,900 an ounce for the first time since late April, according to Dow Jones Market Data. A golden cross happens when a short-term moving price average crosses above a long-term moving average, potentially indicating a change in sentiment toward the metal. The 50-day moving average for most-active gold futures rose to $1,789.94 Friday, topping the 200-day moving average of $1,786.74.